Morgan Stanley

Chinese electric car maker Nio launched its US IPO, looking to pocket up to $1.3bn amid strong interest from investors for stocks in the sector.

The autumn term has definitely begun in Europe’s corporate bond market. BMW and Daimler, which launched deals last week, may have been the scholarship swots who returned extra-early, but this week the whole sweaty gang of issuers is back en masse, and making plenty of noise.

Impro Precision Industries revived its Hong Kong IPO plans on Monday, resubmitting its listing documents to the exchange.

Polish bank mBank is embarking on a roadshow to market the first euro denominated international public bond from the CEEMEA region in over a month, and the first since Turkey’s currency crisis triggered a wave of selling across emerging market debt.

The Hong Kong bourse saw a raft of IPO filings this week, as issuers made a beeline for what could be a bumper September for new share sales.

San Miguel Food & Beverage is gearing up for what is expected to be one of the largest stock sales out of southeast Asia in the second half of this year.

Japan telecoms company SoftBank took another step towards its flotation this week by replacing its intergroup credit with a double-B rated leveraged loan. This followed a high-yield bond sale in April with the same purpose.

Russia’s Mechel has signed a $1bn-equivalent loan facility, as the metals and mining group pushes ahead with plans to restructure its debt portfolio by the end of 2018.

Mercedes-Benz Auto Finance has completed the tightest auto asset-backed securitization by any foreign originator in China in almost two years. The deal, which closed on Monday, was twice oversubscribed despite two underwriters dropping out of the syndicate at the eleventh hour.

The pipeline of Asian IPOs headed for the US is shaping up for September, with the latest crop of issuers all starting to drum up investor interest.

Tianqi Lithium is turning to equity investors after making a debt-fuelled play for its Chilean rival, in an acquisition that pressured its ratings and threatened to rob it of investment grade status.

Morgan Stanley’s Alex Abagian has been named as a co-head of Asia Pacific equity capital markets, according to people familiar with the matter.